Amerigo Resources (TSE:ARG) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Amerigo Resources Ltd. (TSE:ARG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.69 and traded as high as C$1.79. Amerigo Resources shares last traded at C$1.74, with a volume of 196,941 shares.

Amerigo Resources Stock Down 2.3 %

The company has a debt-to-equity ratio of 12.87, a quick ratio of 0.91 and a current ratio of 0.97. The firm’s fifty day simple moving average is C$1.71 and its 200 day simple moving average is C$1.70. The stock has a market capitalization of C$285.45 million, a price-to-earnings ratio of 17.30, a P/E/G ratio of 0.32 and a beta of 3.11.

Amerigo Resources (TSE:ARG) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.08 EPS for the quarter. The business had revenue of C$70.60 million for the quarter. Amerigo Resources had a net margin of 7.16% and a return on equity of 10.75%. On average, sell-side analysts forecast that Amerigo Resources Ltd. will post 0.2850394 earnings per share for the current year.

Amerigo Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 20th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.12 annualized dividend and a dividend yield of 6.98%. Amerigo Resources’s dividend payout ratio is currently 120.00%.

Amerigo Resources Company Profile

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, engages in the production and sale of copper and molybdenum concentrates from Codelco's El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd.